Power Properties | Commercial Real Estate is offering for sale 4510 & 4520 Colbath Avenue which includes two side by side apartment buildings on separate parcels combining for twenty two total units. Consisting of six 1+1s, fourteen 2+2s and two 3+2s, five units have undergone a complete remodel including new brushed nickel plumbing fixtures, drains, supply lines, water lines, porcelain tile in kitchens and bathrooms, paint, scraped ceilings, custom white wood and self closing kitchen and bathroom cabinets, charcoal quartz countertops, white subway tile backsplashes in the kitchen and shower area, stainless steel appliances (refrigerator, dishwasher, stove and microwave), light fixtures, recessed lighting, updated electrical and waterproof laminate flooring. Other property upgrades include new storefront glass door entries, front awnings, exterior paint and landscaping touch ups. There is a laundry room in each building with seller owned equipment, garage parking at the front of the buildings and additional covered parking at the back of the buildings. Also for sale is 4347 & 4355 Mammoth Avenue in Sherman Oaks consisting of two side by side apartment buildings on separate parcels combining for twenty one total units at a listed price of $6,520,000.
The subject property is located just two and a half blocks north of Ventura Boulevard and four blocks west of Woodman Avenue in Sherman Oaks. Ventura Boulevard is one of the primary west to east thoroughfares in the San Fernando Valley with trendy restaurants, boutiques, shopping centers and other desirable establishments. Travelling north on Woodman Avenue provides quick access to the 101 Freeway as well as the Westfield Fashion Square mall.
PLEASE NOTE THE FOLLOWING:
1) Investment synopsis is attached; contact Josh Johnson for a complete investment package
2) Regular sale
a.) Not distressed, REO, short sale, etc
b.) No seller financing
3) Do not disturb tenants, drive by only
4) Interior inspection and books & records will only be granted upon an accepted offer
5) Seller to select all services
6) Submit offer on C.A.R. Form RIPA (revised 12/15) w/proof of funds and prequalification letter or commitment letter from lender (if applicable)
Disclaimer: All information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to its accuracy. References to SF, age, expenses, pro-forma/market expectations & financing terms are approximate. Recipient(s) must verify the information and bears all risk for any inaccuracies. Buyer must verify all permits with the city.
